Fri. Dec 4th, 2020

Section 126 of The Negotiable Instruments Act, 1881

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126. Payment of cheque crossed generally.— Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.

Payment of cheque crossed specially.—Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection.

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